Jennifer Lopez and Alex Rodriguez were one couple who bought a 1200sq m apartment in the luxury high-rise for $US15.3 million in 2018, but sold it just a year later. The 96th floor penthouse at the top of the building sold in 2016 for nearly $US88 million to a company representing the Saudi retail magnate Fawaz Alhokair. The tower which shoots up to more than 420m high is riddled with significant design and engineering flaws that’s costing millions in repairs and insurance costs.

Residents are complaining about major leaks, significant water damage, mechanical problems with the lifts and unusually loud creaking, banging and clicking noises in their apartments. There have been a number of floods in the building, with two major leaks recorded in November 2018. The owners also complained about the garbage chute “ that sounds like a bomb” when rubbish is tossed, according to notes from a 2019 owners’ meeting. “ I was convinced it would be the best building in New York ,” Sarina Abramovich, one of the earliest residents of 432 Park, told The New York Times. “ They’re still billing it as God’s gift to the world, and it’s not.” In 2016, she and her husband bought a $US17 million apartment that spans more than 1000sq m so the retired couple could have a second home close to their children.

She said they were disappointed with their purchase from day one. “ Everybody hates each other here,” Ms Abramovich said.

The down life tower leaks creaks